Acquisitions: 4 Acquisitions
Total Equity Funding: $120.5M in 5 Rounds from 11 Investors
Headquarters: Waterloo, Ontario
Description: Kik lets users connect with friends, groups, and the world around them through chat.
Founders: Christopher Best, Ted Livingston
Categories: Social Media, Messaging, Wireless, Video Chat, Mobile
Employees: 101 – 250 | 5 in Crunchbase
Kik was founded in 2009, when a small group of University of Waterloo students decided to build a company that would shift the center of computing from the PC to the phone.
Based in Waterloo, Ontario, the company now has more than 100 employees working on Kik, a chat app that lets users connect with people, services, and businesses.
Kik is backed by major venture capitalists and has raised $120.5M to date. Its VCs are the same firms that first helped Twitter, Foursquare, Zynga and others become household names. China’s Tencent, maker of WeChat, is a strategic investor.
Kik has more than 300 million registered users. According to a study by Frank N. Magid Associates, Kik users spend 35 minutes per session in the app.
More than 40% of young Americans are actively using Kik as their primary messenger app.